Litecoin’s (LTC) close this week will likely set the tone for the next major move in prices, the technical charts indicate.
On the other hand, if LTC finds acceptance below $72.58, then more investors will likely liquidate their holding (long positions), yielding another round of sell-off.
So, a weekly close below $72.58 (last week’s doji candle low) would signal a continuation of the sell-off from the April high of $183.00.
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A weekly close (Sunday, as per UTC)) above $84.24 would confirm a bull doji reversal and open up upside towards the 50-week MA, currently located at $124.70.
A close below $72.58, however, would shift risk in favor of a drop to $50 (psychological support).
Litecoin [LTC] just concluded its most bullish week since June after delivering an impressive rally. It has also kicked off this week on a positive note after confirming a new network integration.
LTC/USD Medium-term Trend: Bullish Resistance Levels: $80, $81, $83 Support Levels:$78, $77, $76 Last week, the LTC/USD pair was in a bearish trend. The cryptoasset was trading above the $70 price level last week.
Earlier this week, the Litecoin Foundation posted a tweet announcing their transaction platform expansion to businesses globally; in the form of a campaign. The tweet said: “We’re making it easier for businesses anywhere in the world to accept #Litecoin and harness the power of cryptocurrency.
As the crypto world still tumbles, one of the coins which have felt it hard happens to be Litecoin. It dropped to its lowest ever in the first week of March and with its slow pace on the price curve, as compared to other coins, hasn’t been what many had expected.
2018-07-21 This edition features popular Bitcoin technical analyses from Coindesk, Bitcoinist and NewsBTC. Or jump right to today’s Bitcoin $ BTC Forecast. The selloff has continued and the rally appears to have been another blip in a lengthening bear market.
KittyBitcoin’s unique Ethereum $ ETH Forecast brings you time-saving & illustrated views. The links to “Full coverage” let you easily obtain 100% of the analytical depth. Report Generated This report was generated on Thursday July 19 2018 19:02 hours UTC.
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. Further, BTC has failed to close (as per UTC) above the stiff resistance at $6,800 in the last two days.
Bitcoin (BTC) rally has stalled near a key resistance range and a minor pullback could recharge the engine for a much-awaited move toward the $7,000 mark. Further, BTC has failed to close (as per UTC) above the stiff resistance at $6,800 in the last two days.
This trade sent the market into overdrive as users assumed that the exchange or the Syscoin protocol had been compromised. Binance said it was revoking “existing API keys” and asked users to recreate their keys and be more protective.
At press time, BTC is trading at $6,575 on Bitfinex – up 3. 4 percent in the last 24 hours. Currently, the 24-hour trading volume stands at $4. 61 billion, according to CoinMarketCap, and is not showing any signs of life.